Darling Ingredients (NYSE:DAR) Issues Earnings Results, Misses Expectations By $0.29 EPS

by · The Cerbat Gem

Darling Ingredients (NYSE:DAR – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $39.11 on Friday. The firm has a market capitalization of $6.25 billion, a PE ratio of 11.71 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. Darling Ingredients has a 12 month low of $32.67 and a 12 month high of $51.36. The business’s 50-day moving average price is $37.60 and its 200-day moving average price is $38.94.

Wall Street Analysts Forecast Growth

DAR has been the topic of several recent analyst reports. Scotiabank lowered their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler reduced their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, TD Cowen decreased their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.90.

Check Out Our Latest Research Report on DAR

Insider Buying and Selling

In other Darling Ingredients news, EVP Robert W. Day purchased 2,532 shares of Darling Ingredients stock in a transaction on Wednesday, July 31st. The shares were acquired at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Darling Ingredients Company Profile

(Get Free Report)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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